Chief Financial Officer - River Oaks Hospital

Universal Health Services; New Orleans (LA); On-site; USD 150,000 - 210,000; Full time

Benefits offered by this job

Relocation benefits

Bonus opportunity

Stock options

401k plan with company match

Generous paid time off

Excellent health benefits

Job summary

Universal Health Services, a leading healthcare provider headquartered in King of Prussia, PA, seeks a CFO for River Oaks Hospital near New Orleans. This role leads financial operations, drives profitability, ensures regulatory compliance, and partners with executives to optimize patient revenue.

The CFO will oversee budgeting, accounting, payroll, and financial planning, while implementing strong internal controls and cost-saving initiatives across the facility.

Qualifications

• Minimum 5 years of experience in a financial leadership role in a healthcare setting.
• Bachelor's degree required; Master's degree preferred.
• Strong knowledge of hospital financial operations, tax regulations, and finance processes.

Responsibilities

• Monitor and control accounts receivable; coordinate with CEO and Business Office to maximize cash collection and net revenue.
• Improve hospital profitability by monitoring costs, staffing, payor mix and length of stay; assist in contract negotiations with third-party payers.
• Develop and monitor policies and procedures to ensure cash flow, cost control, and revenue growth within GAAP and corporate guidelines.
• Prepare monthly financial statements and analyses; perform variance analyses and provide detailed reporting to management and auditors.
• Provide required reporting and reconciliations to Reimbursement, Tax, and Audit teams; support internal controls.
• Assist in annual budgeting in collaboration with management, tailoring plans to facility needs and UHS objectives.
• Perform other duties as assigned.

Skills

Financial leadership

Healthcare accounting

Financial analysis

Budgeting

Regulatory knowledge

Education

Bachelor's degree

Master's degree preferred

Tools

Excel

ERP systems

Accounting software

Job description

Responsibilities

River Oaks Hospital, located minutes outside of New Orleans, Louisiana, is a 126-bed psychiatric facility that has provided quality treatment to individuals suffering from mental illness and/or addictive disorders since 1970. The hospital is situated on a 14-acre campus providing services for adults and adolescents throughout the surrounding area. River Oaks also offers a partial hospitalization program (PHP) and intensive outpatient programs (IOP) for adults.

To learn more visit: https://riveroakshospital.com/

The Chief Financial Officer:

• Monitors and controls accounts receivables. Closely oversees Business Office functions to ensure cash collection goals are met, and net revenue is properly stated. Facilitates weekly A/R meeting with CEO and Business Office Manager to communicate results and monitor areas of weakness. Monitors and affects as needed relationship between Business Office, Intake and Utilization Review departments to maximize patient revenue.
• Improves the profitability of the hospital. Continually monitors costs in all areas, especially staffing as it relates to patient volume. Continually monitors payor mix and length of stay to maximize reimbursement. Assists in negotiation of contract terms with third party payers. Prepares pro-forma analysis of new program, contracts, etc. to determine estimated outcome. Monitors and evaluates success/failure of implemented program including physician arrangements.
• Develops policies and procedures. Develops and monitors policies and procedures within generally accepted accounting principles and corporate guidelines to ensure sufficient cash flow, reduced hospital operating costs, and increased revenues.
• Prepares monthly financial statements, financial packages, and other informational reports/analyses. Through account analysis, variance analysis, journal entries, and internal controls, prepares detailed financial statements to accurately reflect the monthly operating results.
• Provides required reporting. Provides reconciliations, account analyses, and other information for Reimbursement Department, Tax Department, Auditors, etc., to aid in preparation of reports.
• Prepares annual budget in conjunction with UHS standards. In cooperation with management and department heads, reviews prior financial results and discusses anticipated changes to highlight future needs and trends of the facility. Tailor’s hospital needs to UHS objectives.
• Performs other duties as assigned/required.

Qualifications

Minimum of 5 years of experience in a financial leadership role in a healthcare setting.

• Minimum education requirement of a bachelor’s degree. Master's degree preferred
• Must possess a working knowledge of hospital financial operations, federal and local tax regulations; knowledge of all business office, accounting, payroll and other administrative office operations including all processes from registration through discharge.
• Must be skilled at interpreting financial analysis and performance information; preparing schedules and reports, using source data and compiling reports from others’ schedules; using electronic spreadsheets and ability to manipulate data within proprietary and acquired databases.
• 2% Travel

Benefits

• Challenging and rewarding work environment
• Growth and Development Opportunities within UHS and its Subsidiaries
• Competitive Compensation
• Excellent Medical, Dental, Vision and Prescription Drug Plan
• 401k plan with company match
• Generous Paid Time Off
• Relocation benefits
• Bonus opportunity
• UHS Stock opportunity

About Universal Health Services
Headquartered in King of Prussia, PA, Universal Health Services, Inc. (NYSE: UHS) is one of the nation’s largest and most respected providers of hospital and healthcare services. Since our founding in 1979, UHS has grown steadily into a premier Fortune 500 corporation perennially recognized by multiple esteemed national rating entities. Through its subsidiaries, UHS operates inpatient acute care facilities, inpatient behavioral health facilities, outpatient and other facilities, nationwide virtual behavioral health services, an insurance offering, a physician network and various related services with physical locations in the U.S., Puerto Rico, Ireland and United Kingdom. www.uhs.com.
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EEO Statement

All UHS subsidiaries are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and teammates. UHS subsidiaries are equal opportunity employers and as such, openly support and fully commit to recruitment, selection, placement, promotion and compensation of individuals without regard to race, color, religion, age, sex (including pregnancy, gender identity, and sexual orientation), genetic information, national origin, disability status, protected veteran status or any other characteristic protected by federal, state or local laws.